Hodlnaut Rejects OPNX Purchase Deal as Flex Token Drops 90%

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Hodlnaut rejects latest purchase deal amid 90% fall in Flex Token
Cryptocurrency lender Hodlnaut's interim judicial managers have rejected the latest purchase deal amid a 90% drop in settlement tokens. The Hodlnaut administration has opposed the acquisition terms of cryptocurrency exchange OPNX, which was founded by Kyle Davies and Su Zhu, co-founders of the unsuccessful hedge fund Three Arrows Capital (3AC). According to a recent court filing, interim managers argued that the $30 million offering of Flex Tokens is illiquid and its value speculative. With this, most of the creditors of Hodlnaut Group are responsible for 60%. At the same time, Hodlnaut's total debt amount has also opposed the OPNX deal.
https://www.coingabbar.com/en/crypto-shorts-news/hodlnaut-rejects-latest-purchase-deal-as-flex-token-declines